Luna Innovations Incorporated (NASDAQ:LUNA – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.26 and traded as low as $1.09. Luna Innovations shares last traded at $1.15, with a volume of 9,823 shares trading hands.
Luna Innovations Stock Performance
The firm has a market cap of $45.84 million, a price-to-earnings ratio of 45.00 and a beta of 1.87. The company’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.26.
About Luna Innovations
Luna Innovations (NASDAQ: LUNA) is a technology company specializing in advanced fiber-optic sensing, photonic test and measurement solutions, and specialty optical products. Founded in 1991 as a spin-off from Virginia Tech, the company develops tools and instrumentation that enable precise characterization and monitoring of optical networks, materials and structures. Its offerings include optical time-domain reflectometers (OTDRs), dynamic strain sensors based on fiber Bragg grating technology, and high-resolution spectral analyzers designed for both laboratory research and field deployment.
The company operates through two primary segments: Test & Measurement Solutions and Specialty Optical Fiber & Laser Solutions.
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